Econocom - 2020 annual report
02 group overview
financial position and results
2018 was notable for: revenue of €2,999 million, reflecting • organic growth of 2.7%. This revenue figure reflects the first application of IFRS 15; profit (loss) from current operating • activities (1) stands at €110.9 million; in March 2018, the issue of an OCEANE • bond maturing in 2023 for a nominal amount of €200 million. This convertible bond aims to support the Group’s investments in its new strategicplan; • investment strategy, initiated in 2014, through the acquisition of majority shareholdings in new subsidiaries (see the continuation of Econocom’s
below) while multiplying innovative initiatives on the Planet. These transactions were intended to strengthen the Group’s know-how in the most buoyant market segments and to roll out its original model in the leadingEuropean countries; the return in October of Jean-Louis • Bouchard, founder of the Group and Chairman of the Board of Directors, to the position of CEO; the continuation of the Group’s cash • management efforts, which significantly reduced the Group’s working capital requirements and lowered net accounting debt.
Consolidated data for the year: 4.2. comparison between 2020, 2019 and 2018 KEY FIGURES 4.2.1.
2020
2019 restated*
2018 restated**
in € millions
Revenue from continuing operations
2,559
2,914
2,999
Profit (loss) from current operating activities before amortisation of intangible assets from acquisitions (1)
122.5
127.6
110.9
Profit (loss) from current operating activities
120.4
125.6
106.7
Profit (loss) from operating activities
84.1
101.2
86.8
Shareholders’ equity (including non-controlling interests)
472.9
483.9
491.3
Net financial debt
+20.2
(252.2)
(251.7)
In accordance with IFRS 5, 2019 income and expenses of activities discontinued in 2020 are reclassified to the * income statements of 2019 under “Profit (loss) from discontinued operations”. In accordance with IFRS 5, 2018 income and expenses of activities discontinued in 2019 are reclassified to the ** income statements of 2018 under “Profit (loss) from discontinued operations”. However, in accordance with the provisions of IFRS 16, which came into force on 1 January 2019, the 2018 data is not restated for the impact of this regulation on leases.
Before amortisation of intangible assets from acquisitions. (1)
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2020 annual report
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